Escalade, Incorporated (NASDAQ:ESCA) Q4 2024 Earnings Conference Call February 26, 2025 11:00 AM ET
Company Participants
Patrick Griffin – Vice President, Corporate Development
Walt Glazer – President and Chief Executive Officer
Stephen Wawrin – Chief Financial Officer
Conference Call Participants
Rommel Dionisio – Aegis
David Cohen – Minerva
Operator
Good morning, everyone, and welcome to the Escalade Fourth Quarter 2024 Results Conference Call. All the participants will be in a listen-only mode. [Operator Instructions] Please also note today’s event is being recorded.
At this time, I’d like to turn the floor over to Patrick Griffin, Vice President of Corporate Development and Investor Relations. Sir, please go ahead.
Patrick Griffin
Thank you, operator. On behalf of the entire team at Escalade, I’d like to welcome you to our fourth quarter and full year 2024 results conference call. Leading the call with me today are President and CEO, Walt Glazer; and Stephen Wawrin, our Chief Financial Officer.
Today’s discussion contains forward-looking statements about future business and financial expectations. Actual results may differ significantly from those projected in today’s forward-looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the SEC. Except as required by law, we undertake no obligation to update our forward-looking statements. At the conclusion of our prepared remarks, we will open the line for questions.
With that, I would like to turn the call over to Walt.
Walt Glazer
Thank you, Patrick, and welcome to those joining us on the call. Throughout 2024, our team successfully navigated a soft period of consumer demand by continuing to prioritize operational discipline, asset optimization expense reduction and efficiency gains. These initiatives continued during the fourth quarter, culminating in year-over-year margin expansion and strong cash flow.
While fourth quarter sales declined 2% versus the prior year
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